Astrology
Pound Mid Term Analysis After the big drop of dollar index form July, we believe it's the end of the wave, based on time, price, and fundamentals.
The pound is the same. The end of the bull wave. We see a MASSIVE drop in the next months. 💀
There isn't a confirmation in price action YET. So you should wait for it. We will update the chart on this post when we saw the confirmation (so make sure you click on "Follow this idea". It will make you know if there is an update for this chart). Remember, no confirmation = no trade. 👌
The long term targets are:
1.225 ✅
1.207 ✅
All of our analysis is based on pure price action and order flow analysis. So don't judge fast ;) ❤
PERFECT TREND PERFECT TREND YESTERDAY TARGET REACH PROPER HIGHER HIGH
The Perfect Trend Line indicator act as a trend following indicator. It is simply made of 2 lines from highest high and lowest low of 2 different periods, one short and a longer one.
If the price breaches the longest line, it is a sign a of potential trend reversal, while if price is in the cloud made of these 2 lines, it is only a retracement and a potential price rebound in the same direction as the main trend.
Confirmation of trend reversal are highlighted with blue and red dots.
The cloud can be expanded with the SlowPipDisplace and the FastPipDisplace settings which must be set in points/pips values.
BITCOIN TARGETS for the rest of 2020 - FINANCIAL RESETLooking for PA to retrace down to the top trend line of the SYMMETRICAL TRIANGLE to confirm the S/R flip.
BTC is currently forming a DIAMOND TOP BEARISH reversal pattern, BEARISH TARGET: $9.7K
HOWEVER.
I do not believe BTC will dip below $10K for any extended amount of time, a quick wick down to clear the CME FUTURES GAP would make perfect sense and adds CONFLUENCE and CONFIDENCE that we are in fact, in a BULL RUN.
DIAMOND BOTTOMs are a BULISH REVERSAL pattern that typically follow a DIAMOND TOP.
WE WILL SEE $20K in 2020.
"Don't believe me, just watch"
-Trinidad James
THE GRAND CONJUNCTION
- These great Jupiter-Saturn conjunctions happen only every 20 years, with the last one was in the year 2000.
- Their upcoming conjunction – December 21, 2020 – will be their closest since 1623.
- The last time Jupiter, Saturn and Pluto were all in the governance sign of Capricorn was 1284, which coincided with the introduction of an important new currency. The Republic of Venice began issuing the ducat. It was a gold token that became the standard of European coinage for the next SIX HUNDRED YEARS.
JANUARY 10th, 2020 The Saturn-Pluto synod
- initiating a new 34-year cycle.
- This is a compounded synod with Ceres occurring in the December 26, 2019 eclipse lunar cycle and on the January 10 Full Moon Eclipse.
- This is a potent, catalytic, and exceptionally significant planetary configuration that initiates the Societal Reset.
JULY 31, 2020 The Jupiter-Pluto synod
- Begins a new 12.5-year cycle.
- This is also a compounded synod with the asteroid Pallas.
NOVEMBER 2, 2020 The Jupiter-Saturn synod
- Initiating a new 20-year cycle.
DECEMBER 19TH 2020 - JUPITER ENTERS AQUARIUS
DECEMBER 21ST 2020- GRAND CONJUNCTION
Saturn-Pluto and Jupiter-Pluto synods occur in late sidereal Sagittarius, under the auspices of the highly energetic and visionary stars of Lyra and Aquila.
These events also occur as the they square Eris, which demarcates the last quarters of the Jupiter-Eris cycle, the Saturn-Eris cycle, and most significantly the Pluto-Eris ~359-year cycle that began in 1757 CE, at the time of the inception of the global financial system.
What is everyone else seeing?
Are you BULLISH or BEARISH?
Bitcoin's Bearish Scenario for a Summer RetraceThis Gann square was drawn off the Weekly Binance - BTC/USDT chart using a 250:1 price/bar ratio.
After riding the second and third are beautifully. Price has broken through arc 3 and completed a bearish retest of the Gann horizontal at $9730.
The 3Day momentum indicators have all rolled over:
- Bearish divergence on MACD
- RSI crosses below midline
- Willy breaking down out of overbought & confirms bearish market structure
- Bearish cross on stochastic in early June (high probability swing pivot signal)
According to W.D. Gann's theory of universal vibration, an asset can be expected to take back 50% of its previous rally in 50% of the time.
That puts price at $7081.07 on July 11th which is confluent with the Gann 2:1 angle and the end Mercury retrograde (July 12th).
Bitcoin (BTC/USD): Accumulation before the next peak 2020-2021?Here's an update on my Related Idea:
If the trends during Bitcoin's previous halvings tell anything, it's in the ~12 months following, Bitcoin prices experience a rapid bullish cycle. This cycle seems to proceed after a dip. I'm guessing this is a good place to accumulate more. This is all a guess. Let's be real, the halvings only happened twice. It's not enough evidence for a pattern. But if history rhymes, it looks like a breakout of this triangle around May 2021.
Coincidentally, the triangle formation ends about 12 months from the halving. I *hope* for a breakout by this point. The next peak would tower over the last one.
Thanks for checking out my chart astrology =) Let me know your thoughts.